- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Ashurst advises Ardian Private Debt, Bank of Ireland and NIBC Bank

Ashurst regularly provides advice on acquisition financings and refinancings in the German care market.

Access to cash FCA and PSR joint statement

The overall decline in the use of cash makes it more expensive to maintain the existing infrastructure that supports it.

Guernsey Update: New Plans for Bringing Partnerships in Scope of Economic Substance Rules

These changes will be most relevant to the funds industry in Guernsey

Do we need ‘public money’? - speech by Jon Cunliffe

The Bank of England has issued banknotes for over 300 years. Jon Cunliffe talks about future of money in the UK in an increasingly digital world.

Financial Regulation: Daily Update

The FCA has updated its statement on the firm handling of complaints during Covid-19 to state that, as of 1 May 2021, the statement is no longer in force.

Luxembourg CSSF Publication Of Guidance On Teleworking

The CSSF also confirms that the circular does not create any precedence for employees to claim a right to remote working

Share-Capital Reductions in Ireland

Where a director makes the above declaration without reasonable grounds, certain parties (including creditors or liquidators) may apply to court to hold directors who made the declaration personally liable for all or any of the company’s debts.

Ashurst advises Equitix

Following a competition across the bank and PP market, Macquarie Asset Management was selected as sole lender providing facilities separately into each Fund, in both RPI and SONIA format.

Shall we summer in Saint Tropez, darling? Ban for non-essential travel into the EU to be lifted soon

The Commission proposes to lift travel restrictions for people who have received the last recommended dose of an EU-authorized vaccine at least 14 days before arrival to the EU.

Financial Regulation: Daily Update

The FCA has updated its webpage on the business interruption (BI) insurance test case in relation to insurer claims data.

FNZ takes aim at CMA’s ‘inconsistent’ approach

The CMA’s original phase two decision, found that FNZ selling the entire GBST business was necessary to address its competition concerns.

Financial Regulation: Daily Update

The Regulations will come into force on 1 June 2021.

RegTech: The limits of goodness

The market for ESG funds has grown enormously

Harneys Banking and Finance partners featured in IFLR1000’s Women Leaders 2021 guide

This year’s IFLR1000 Women Leaders guide features the most prominent female lawyers from various jurisdictions

Points to note from TPR’s Climate Change Strategy

The vast majority of schemes, big and small, are already required to report on how they incorporate financially material factors (including ESG) into their investment strategy and on their stewardship activities.

Cyprus investment firm banned from UK over 'significant money losses'

As a result of FXBFI's activities, "some customers have lost very significant sums of money".

Law firm sets up UK wealth management service

It will provide advice on a range of issues including succession planning and cross-border estates EmailFacebookTwitterLinkedInPrint

FCA revises position on EBA outsourcing guidance deadlines

The FCA said: “Firms are not expected to report to us on their progress towards meeting the timeline of 31 December 2021 in the EBA guidelines regarding legacy outsourcing arrangements.

EU proposes new measures to push sustainability in finance

Since 2017 the NFRD obliges certain businesses in the EU to report on non-financial aspects of their investment products

Carey Olsen advises TriSpan on latest mid-market fund launch

It will typically seek majority investments in proprietary buy and build opportunities alongside strong founders and management teams with a focus on multi-unit health care, business services or specialty manufacturing with limited use of leverage.

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